Originally Posted by Name User

Spirit going bankrupt may mean liqudation. In this market/environment, their assets have actual value unlike Covid. Creditors will get more value from selling off their assets than taking a xx% loss on their debt holdings and doing a reorg. With a half a decade wait for new Airbus jets, theirs would be in high demand.

I wouldn't in a million years have guessed Spirit would be this close. Their market cap is now down to $600m - jetblue offered $3.8b.

jetBlue needs to take the W! As the saying goes, better to be lucky rather than good.